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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 7
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SIGNATURE CARI LEVINE
TITLE ASSISTANT TREASURER
[ARTICLE] 6
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] OCT-31-1998
[PERIOD-END] APR-30-1998
[INVESTMENTS-AT-COST] 0
[INVESTMENTS-AT-VALUE] 0
[RECEIVABLES] 0
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 0
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 0
[TOTAL-LIABILITIES] 0
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 0
[SHARES-COMMON-STOCK] 0
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 0
[NET-ASSETS] 0
[DIVIDEND-INCOME] 23,518
[INTEREST-INCOME] 102,096
[OTHER-INCOME] 0
[EXPENSES-NET] 306,716
[NET-INVESTMENT-INCOME] (181,102)
[REALIZED-GAINS-CURRENT] 565,968
[APPREC-INCREASE-CURRENT] 3,314,957
[NET-CHANGE-FROM-OPS] 3,699,823
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 2,203,680
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 241,728
[NUMBER-OF-SHARES-REDEEMED] 159,433
[SHARES-REINVESTED] 117,160
[NET-CHANGE-IN-ASSETS] 4,586,074
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 2,929,202
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 186,002
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 330,220
[AVERAGE-NET-ASSETS] 37,983,023
[PER-SHARE-NAV-BEGIN] 16.17
[PER-SHARE-NII] (.09)
[PER-SHARE-GAIN-APPREC] 1.62
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] (.97)
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 16.73
[EXPENSE-RATIO] 2.43
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
